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On October 1 0 , the stockholders equity section of Sherman Systems appears as follows. Common stock $ 1 0 par value, 8 3 ,
On October the stockholders equity section of Sherman Systems appears as follows.
Common stock$ par value, shares authorized, issued, and outstanding $
Paidin capital in excess of par value, common stock
Retained earnings
Total stockholders equity $
Prepare journal entries to record the following transactions for Sherman Systems.
Purchased shares of its own common stock at $ per share on October
Sold treasury shares on November for $ cash per share.
Sold all remaining treasury shares on November for $ cash per share.
Prepare the stockholders' equity section after the October treasury stock purchase.
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